Groupama Asset Managment Sells 3,636 Shares of Cintas Corporation $CTAS

Groupama Asset Managment trimmed its position in shares of Cintas Corporation (NASDAQ:CTAS) by 72.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,354 shares of the business services provider’s stock after selling 3,636 shares during the quarter. Groupama Asset Managment’s holdings in Cintas were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in Cintas by 9.3% during the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after buying an additional 108 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Cintas by 42.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock valued at $321,000 after buying an additional 428 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Cintas during the 2nd quarter worth about $470,000. Swiss National Bank lifted its holdings in shares of Cintas by 7.4% during the 2nd quarter. Swiss National Bank now owns 1,100,100 shares of the business services provider’s stock worth $245,179,000 after acquiring an additional 75,800 shares during the period. Finally, MAI Capital Management boosted its position in shares of Cintas by 84.7% during the 2nd quarter. MAI Capital Management now owns 39,931 shares of the business services provider’s stock valued at $8,899,000 after acquiring an additional 18,312 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Trading Down 1.4%

Shares of CTAS stock opened at $179.34 on Friday. The company has a market capitalization of $71.72 billion, a P/E ratio of 52.29, a P/E/G ratio of 3.23 and a beta of 0.95. Cintas Corporation has a 12-month low of $177.94 and a 12-month high of $229.24. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average price of $194.95 and a 200 day moving average price of $192.54.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.01. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same period in the prior year, the firm earned $1.09 earnings per share. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Research analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 13th were given a dividend of $0.45 per share. The ex-dividend date was Friday, February 13th. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. Cintas’s dividend payout ratio is 52.48%.

Analyst Ratings Changes

A number of research firms recently weighed in on CTAS. Bank of America initiated coverage on shares of Cintas in a research note on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 target price on the stock. Argus raised Cintas to a “strong-buy” rating in a report on Wednesday, January 21st. Wells Fargo & Company upgraded Cintas from a “cautious” rating to an “overweight” rating and upped their price objective for the company from $205.00 to $245.00 in a research note on Wednesday, January 14th. Morgan Stanley dropped their target price on Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. Finally, Weiss Ratings upgraded Cintas from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Cintas currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.25.

About Cintas

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.